saab is bankrupt

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  Iconic Swedish Car Maker Saab Files For Bankruptcy

  19 Dec 2011 by Jasmine Stone / No Comments

  Saab Automobile has spent the last two years fighting to salvage the iconic brand that manufactured cars for six decades, but today announced that it had filed for bankruptcy in a Swedish district court. General Motors, who still had control over technology licenses, had disapproved of negotiations with two Chinese firms that sought to save Saab.

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